this post was submitted on 10 Jan 2024
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The massive selection existed because cable users paid for it. The big companies made content based on cable customers. Then licensed to netflix for extra profit just like they licensed to other countries' broadcasters for extra profit.
Then netflix killed the cable income, so it wasn't profitable to make these shows, netflix wouldn't pay the cost of licensing these shows for the actual cost so the licenses dropped and everyone had to make their own service's.
Rather, it's netflix that is finding out that it's difficult to make good shows, they lived on licencing other people's shows, paid for by cable, then when they killed that money source they are struggling to produce good enough content to make their service worth it.
Netflix didn't kill cable's income, cable did that all on its own.
Netflix has had some successes with their own shows, however their approach has always been "throw all the shit against the wall and see what sticks".
No, netflix did. Let's not be silly. Cable succeeded by itself for decades then netflix came along and said have everything for ten bucks a month. Everyone switched. Cable started its death ride its been on since.
But netflix could only offer everything for ten bucks a month because Cable customers were the ones paying for that content to be made.
Netflix offered an alternative, but people left cable because cable was crap. If cable was good, people wouldn't have left.
Netflix could still offer things for $10 a month, but they don't want to, because now they're crap, too. They're not crap because cable isn't producing any more shows, though - the old shows are still just as strong of a draw as they always have been. However it doesn't help that these old shows have exclusive deals where they all end up on different platforms.
The main reason we don't have good new shows anymore is the strikes. Covid a little bit, too, but in general the writers and actors just haven't been working so much.